Industrial

Owning or leasing industrial space in New Jersey means you’re within one day’s drive of one-third of the nation’s population. That means the state continues to be a hotbed of warehouse and logistics activity.

Top News
Prologis to acquire Liberty Property Trust, including New Jersey assets, for $12.6 billion

Prologis Inc. has agreed to acquire Liberty Property Trust for $12.6 billion, in a move that deepens the industrial giant’s presence in several key markets including New Jersey.

Events
Hundreds gather for annual ‘Octulfrafest’ celebration

A crowd of revelers descended on Tulfra Real Estate’s headquarters earlier this month for the firm’s annual Oktoberfest-themed party and industry appreciation event.

Industrial
Rockefeller marks opening of five-building, 2.1 million sq. ft. logistics park in Piscataway

Rockefeller Group is hailing the lease-up and completion of a 2.1 million-square-foot industrial park in Piscataway, marking the successful redevelopment of a former manufacturing site.

Industrial
Russo, Forsgate break ground on massive Meadowlands logistics park

Two of New Jersey’s best-known multigenerational development firms have broken ground on a long-awaited project in the heart of the Meadowlands, one that will bring more than 3 million square feet of high-end industrial space to a site that is five miles from the Lincoln Tunnel.

Industrial
NAI Hanson closes sale of Bergen County industrial lot

A business has acquired a nearly half-acre industrial lot in Bergenfield as part of an expansion from nearby Rockland County, New York, brokers with NAI James E. Hanson said.

Industrial
BRC bolsters brokerage team with ex-trucking executive

Bussel Realty Corp. has added to one of its top brokerage teams with the hiring of a new sales associate.

Industrial
Bridge adds Northeast operations director to lead property management

Bridge Development Partners has expanded its New Jersey and New York team with the hiring of a new director of operations for the Northeast.

Industrial
Industrial leasing slowed by lack of supply, fueling need for new deliveries

A lack of supply has kept a lid on leasing activity in New Jersey’s industrial market, as developers race to build new projects that would help meet the robust demand from tenants.

Industrial
BRC inks 300,000 sq. ft. industrial sale in Rahway

A nearly 300,000-square-foot industrial building in Rahway has changed hands for $19.5 million, in a newly announced transaction by Bussel Realty Corp.

Industrial
NAI Hanson, Van Houten marketing industrial flex building in Paterson

The owner of a 108,000-square-foot industrial and flex complex in Paterson is seeking a buyer, offering the potential for an adaptive reuse with the help of state and federal incentives.